Small and midcap stocks have performed exceptionally well post the COVID-19 era. However, Amit Jain, Co-Founder of Ashika Global Family Office Services in an interview with ETMarkets sounded cautious that FY25-26 will require a more selective approach.He points out that valuations in certain pockets have become stretched, and this makes careful stock picking not just important but necessary.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.